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Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired the California-based National Ethics Association (NEA) to expand its affinity business in the US. 19 December 2016
News
Kaj Ahlmann, the managing director and global head of insurance strategy at Deutsche Asset Management and formerly the chief executive of Employers Re, part of GE, will retire from his current role at the end of the year – to focus on making and selling wine. 16 December 2016
Insurance
Sun Life Financial (SLF) has appointed Stephanie Coyles and Greig Woodring to its board of directors, effective January next year. 16 December 2016
News
Hannover Re parent Talanx has welcomed the decision of the US Federal Reserve to increase its key interest rate calling it a step towards the normalisation of monetary policy conditions for capital markets and suggesting that the European Central Bank (ECB) may follow suit. 15 December 2016
Insurance
Munich Re has partnered with Next Insurance, a California-based online insurance start-up targeting small businesses in the US, on a new product targeting commercial photographers. 15 December 2016
News
Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs Probitas Syndicate 1492 at Lloyd’s, has been downgraded to ‘E’ from ‘B’ by AM Best following the intervention of its regulator in Panama. 15 December 2016
Insurance
XL Catlin has launched active assailant, loss of attraction and threat (ALT) insurance solution, which includes coverage for active assailant attacks on the operations of businesses and service providers. 15 December 2016
Insurance
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players. 15 December 2016
Insurance
Pressure on the reinsurance business has been significant in 2016 due to a low interest rate environment and a soft market, but 2017 is likely to be even tougher and could lead to negative ratings actions, according to major rating agencies. 14 December 2016
Insurance
XL Catlin has appointed Joseph Laws and Michael McGowan as directors of M&A (mergers & acquisitions) Insurance in North America to capitalise on growing activity in 2017. 14 December 2016
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